Canada Stocks to Watch: BlackBerry, Bombardier, Keg Royalties

Here are some of the stocks we’re watching in Monday’s trading session:

Reuters

BlackBerry Ltd.’s largest shareholder, Prem Watsa, could ultimately hold as much as 18% of the struggling smartphone maker as a result of a recent convertible bond issued to help shore up the Canadian firm’s balance sheet, according to a regulatory filing. Mr. Watsa currently controls almost 10% of BlackBerry.

Bombardier Inc. said Palma Holding Ltd. has signed a letter of intent to buy up to eight dual-class Q400 NextGen aircraft. The contract for four aircraft and four options could be worth about $282 million. Separately, it said Air Cote d’Ivoire has conditionally agreed to buy two Q400s, with options for another two, in a deal worth up to $141 million.

Keg Royalties Income Fund said Fairfax Financial Holdings Ltd. has agreed to buy 51% of Keg Restaurants Ltd. from David Aisenstat for an undisclosed amount. It said Mr. Aisenstat, president and chief executive of Keg Restaurants, will retain 49%.

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Canada Real Time provides insight and analysis into what’s making news in Canada, a country punching above its weight on the world stage thanks to its vast resources and strong banking sector. Drawing on the expertise of The Wall Street Journal and Dow Jones Newswires, we take a look at developments in fields ranging from business to politics to culture. You can contact the editors at canadaeditors@dowjones.com